MNE 5.26% 3.6¢ metallum limited

10c by xmas, page-33

  1. 40 Posts.
    I think holders should prepare themselves for grades much lower than 4% in this first load to the mill. Just take a look at the SP movement in DRK recently. Lots of people had their hopes on some exceptional drilling results coming through, and when these expectations weren't met the SP took a pounding.

    Once MNE start mining in areas they have targeted/sampled I think we will see grades around the 3-4% mark. However that's just speculation on my part - need to get a bit further along the road and see how mill receipts stack up.

    Benniee
 
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